Proposal: [TEMP CHECK] Metal L2: Bridging TradFi and DeFi Through Uniswap V3
After reviewing the Metal DAO’s proposal and the feedback from other delegates, I am voting AGAINST the proposal.
Value Proposition:
- From Metal:
- Uniswap deployment on Metal’s L2 (Superchain)
- 250k MTL for Protocol Owned Liquidity in Uniswap V3
- 250k MTL for incentives in Uniswap V3
- From Uniswap:
- $250k for incentives in Uniswap V3
- $20k for Merkl integration
Main Concerns:
- Lack of adoption
It’s always great to see opportunities to expand Uniswap’s reach and offer incentives on new, up-and-coming chains. But we also need to stick to the quality and values we want for the Uniswap ecosystem. Metal DAO has made a bold move asking for UNI incentives for their early chain launch. While I respect their enthusiasm to bring us onboard, there seems to be a lack of consideration in requesting incentives equivalent to their current TVL.
I’m open to revisiting a proposal from them in the future, but only if they can show some solid adoption and traction in the market first.